Meeder Advisory Services Inc. Lowers Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Meeder Advisory Services Inc. trimmed its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 60.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,752 shares of the insurance provider's stock after selling 7,359 shares during the period. Meeder Advisory Services Inc.'s holdings in Cincinnati Financial were worth $683,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. FMR LLC lifted its stake in Cincinnati Financial by 12.8% during the third quarter. FMR LLC now owns 193,400 shares of the insurance provider's stock worth $26,326,000 after purchasing an additional 21,900 shares in the last quarter. Captrust Financial Advisors lifted its stake in Cincinnati Financial by 25.3% during the 3rd quarter. Captrust Financial Advisors now owns 15,563 shares of the insurance provider's stock worth $2,118,000 after acquiring an additional 3,138 shares in the last quarter. Erste Asset Management GmbH purchased a new position in Cincinnati Financial during the 3rd quarter valued at about $380,000. Janus Henderson Group PLC grew its position in Cincinnati Financial by 2.8% in the 3rd quarter. Janus Henderson Group PLC now owns 18,174 shares of the insurance provider's stock valued at $2,474,000 after acquiring an additional 500 shares in the last quarter. Finally, Investment Management Corp of Ontario increased its stake in Cincinnati Financial by 44.8% during the third quarter. Investment Management Corp of Ontario now owns 5,169 shares of the insurance provider's stock worth $704,000 after purchasing an additional 1,600 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

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Cincinnati Financial Stock Up 6.0 %

Shares of CINF traded up $7.58 during midday trading on Wednesday, reaching $134.63. The stock had a trading volume of 1,407,701 shares, compared to its average volume of 672,607. The company has a market cap of $21.08 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 8.30 and a beta of 0.53. The company's fifty day simple moving average is $140.22 and its two-hundred day simple moving average is $142.76. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Equities research analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's payout ratio is currently 23.97%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. StockNews.com cut shares of Cincinnati Financial from a "hold" rating to a "sell" rating in a report on Wednesday. Keefe, Bruyette & Woods dropped their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, Roth Mkm increased their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and an average target price of $147.40.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.